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Is SAP Project Systems (PS) a good idea?

My company is contemplating the implementation of SAP Project Systems (PS)this year. But having already implemented CO (internal orders) and IM, which covers some aspects of the life cycle of capital projects, to what extent will there exists duplicity in the SAP system, and what aspects of the installed modules will be subject to change/modifications to accommodate PS? Also, what kind of implementation time can we expect?

SAP PS is designed to work well with both CO and IM. The PS module will allow better management of your projects. Allow adequate time in your project to review your requirements and understand the impact this new module will have on your existing setup. Also include time for testing and training so that you can ensure the new features work properly and your clients understand how to achieve the benefits.

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